Crypto client pack: 2025-26
1,284 transactions across six wallets and two exchanges have been classified for the 2025-26 tax year. 97% are resolved; 38 items need the accountant's judgment.
Ms Sample's activity is mostly long-term holding of bitcoin and ether, with staking, some decentralised-exchange trading and one lending position. 412 transactions that her tax software had marked 'unknown' have been identified, 219 of them as transfers between her own wallets rather than disposals. Values are in pounds sterling at the time of each transaction. This pack contains no tax computation.
1Purpose and scope
Prepared for Example & Co Accountants in respect of their client Ms A. Sample, for the tax year 6 April 2025 to 5 April 2026. It covers the wallets and exchange accounts the client declared. Reporting currency: pounds sterling. The pack is a factual record to support the practice's own computation and advice.
2Wallets and accounts
| Wallet or account | Network | First used | Control evidenced by |
|---|---|---|---|
| bc1q7f...m3p8 (xpub) | Bitcoin | Feb 2019 | Signed message |
| 0x5d18a4...e0b6 | Ethereum, Arbitrum, Base | Jan 2020 | Signed message |
| 0xa40f33...c773 | Ethereum, Base | May 2021 | Signed message |
| 0x77be01...2f9a | Ethereum | Mar 2022 | Signed message |
| 0x91c2d0...a44e | Polygon | Aug 2022 | Nominated transfer |
| 0xe3307b...19d5 | Base | Nov 2024 | Signed message |
| Coinbase, Kraken | Exchange | 2019 | Statements supplied by client (CSV) |
One further address, 0x2f6a...8c01, received 14 transfers from the client's wallets during the year. The client states it is also hers but could not evidence control. It is treated as a third party in this pack and listed in section 7.
3What the client did
In plain terms, during the year Ms Sample:
- Held bitcoin and ether bought in earlier years, and bought more through Kraken on seven occasions.
- Staked ether through a liquid-staking protocol and received rewards throughout the year.
- Made 143 trades on decentralised exchanges, mostly between ether, stablecoins and four other tokens.
- Deposited stablecoins into a lending protocol in June and withdrew them, with interest, in January.
- Moved assets between her own wallets and between networks frequently.
- Received two airdrops.
4Reconciled ledger
| Category | Transactions | Status |
|---|---|---|
| Purchases and sales on exchanges | 164 | From statements, matched on-chain where assets were withdrawn |
| Decentralised-exchange trades | 143 | Classified |
| Transfers between own wallets | 219 | Identified - not disposals |
| Bridging between networks | 61 | Identified - matched out and in |
| Staking rewards | 366 | Classified |
| Lending deposit, interest, withdrawal | 9 | Classified |
| Airdrops | 2 | Classified |
| Network fees only / approvals | 282 | Classified |
| For the accountant's judgment | 38 | See section 7 |
| Total | 1,284 |
Before this work the client's tax software showed 412 of these as unknown. The largest cause was movement between her own wallets and networks, which software treats as a disposal on the way out and an acquisition with no cost on the way in.
| Example | As the software saw it | What it was |
|---|---|---|
| 12 Jun 2025, 8.0 ETH out of 0x5d18 | Disposal of 8.0 ETH | Transfer to her own wallet 0xa40f |
| 12 Jun 2025, 7.998 ETH into Base wallet | Acquisition, no cost basis | The same ETH arriving through a bridge |
| 3 Jul 2025, 12,000 USDC to a contract | Disposal of 12,000 USDC | Deposit into a lending protocol; she received a receipt token |
| Daily small stETH increases | 366 unknown receipts | Staking rewards |
5Income-type receipts and disposal events
Totals by category for the period, valued in pounds at the time of each transaction. These are inputs to the practice's computation, not a computation.
| Category | Events | Value at the time (GBP) |
|---|---|---|
| Staking rewards | 366 | 2,710 |
| Lending interest | 1 | 640 |
| Airdrops | 2 | 590 |
| Income-type receipts | 369 | 3,940 |
| Sales for pounds on exchanges | 11 | 41,200 proceeds |
| Crypto-to-crypto trades | 176 | 118,600 proceeds |
| Disposal events | 187 | 159,800 proceeds |
6Balances at 5 April 2026
| Asset | Quantity | Where held | Value (GBP) |
|---|---|---|---|
| BTC | 0.612 | bc1q7f (hardware wallet) | 39,100 |
| ETH / stETH | 11.84 | 0x5d18, 0x77be | 31,700 |
| USDC | 9,420 | 0xa40f, Kraken | 7,400 |
| Other tokens (7) | - | 0xa40f, 0xe330 | 8,100 |
| Total | 86,300 |
7Items for the accountant's judgment
38 transactions where the facts are clear but the treatment is a professional decision, or where the client needs to supply something.
| Item | Count | The facts |
|---|---|---|
| Liquid-staking deposit (ETH to stETH) | 3 | ETH exchanged for a token that represents staked ETH. Whether this is a disposal is a matter of treatment. |
| Lending deposit and withdrawal | 2 | Stablecoins exchanged for a receipt token and back. Same question. |
| Liquidity-pool position | 6 | Two assets deposited to a trading pool in return for a pool token, later withdrawn in different proportions. |
| Transfers to 0x2f6a...8c01 | 14 | Client states this is her wallet. Control not evidenced. Treated as third party. |
| Tokens with no reliable price | 9 | Low-liquidity tokens received. No dependable market value at the time. |
| Exchange withdrawals with no matching arrival | 4 | Left Coinbase in 2025; destination is not a declared wallet. |
8What you receive
| File | Contents |
|---|---|
| This report (PDF) | Summary, inventory, categories, balances, open items |
| ledger.csv | Every transaction: date, wallet, category, asset, quantity, GBP value, fee, counterparty, transaction reference, notes |
| import file | The same ledger in the import format of the practice's chosen crypto tax software |
| balances.csv | Per wallet and asset at the period-end date |
9Limits
This pack relies on the wallets and statements the client declared. Activity in undeclared wallets or exchange accounts is not included. Trading inside an exchange is taken from the exchange's statements. Valuations use market prices at the time of each transaction and may differ from other sources. The pack contains no tax computation and is not tax advice.